[Slashdot] - Sam Bankman-Fried Says FTX in Talks To Raise Capital, Alameda Research To Wind Down Trading

[Admin]

Sam Bankman-Fried said on Thursday that he will be winding down the trading firm Alameda Research and is attempting to raise liquidity for the troubled FTX International exchange, as he scrambles to keep the world's second largest crypto exchange alive after a bailout deal with Binance failed earlier this week. From a report: Bankman-Fried said in a series of tweets that he is engaging with a "number of players" to raise capital for FTX's international business and those discussions are at various stages including reaching letter of intents and termsheets deliberations. FTX's U.S. business is "fine" and "100% liquid," he said. He did not disclose the names of the firms or individuals he is engaging, but one of them appears to be Justin Sun, the founder of Tron blockchain. Axios reported on Thursday that Bankman-Fried is also in talks with Kraken, another large crypto exchange.

Read more of this story at Slashdot.

View the full article